Which credit card will be worth it when you are earning 40+ lpa?
I have HDFC regalia and I am planning to upgrade, looking out for suggestions.
Barbaadeshwar
Stealth
a year ago
Axis Magnus
Other than the income criteria, is it still a good option if monthly spend is not more than a 1 lac? Rent payments are now excluded from earning rewards point( correct me if I have wrong understanding).
I am evaluating it for myself and I don't see myself regularly spending more than a lac regularly. It may happen once or twice in a year
Barbaadeshwar
Stealth
a year ago
No rent is still in. Hitting one lac regardless. The amount of points that stack up is nuts. Really good conversion. Combine with cheq and miles and you really can't get a better deal right now.
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ProteinPancakes
Stealth
a year ago
Axis Reserve
HDFC Infinia
Amex Card equivalent to the above 2
Don't get Amex, I have it. Half the stores don't accept it. Just good for online shopping
ProteinPancakes
Stealth
a year ago
Well then at 40LPA + I think Reserve is a better and achievable compared to the Magnus. I have a Magnus and love the reward system. Grabdeal bonuses make normal shopping better too.
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Is HDFC regalia even worth it? I have it and tbh, I end up reaching out for my Axis Flipkart all the time purely cause it gives me 1.5% cashback
Akaza
Stealth
a year ago
Yes regalia is useless that's why I want to upgrade
Ditto. Use FK axis instead of regalia, which is only useful for lounge access.
How much is your yearly charges on regalia?
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Firestop
Stealth
a year ago
It's called No Credit Card ... You got good income focus on saving more than spending ... As humans we make mistakes if we have too many resources for some weird reason ... Let me walk you through a Limus Test ...
- You go out or Browsing through the internet.. come upon a shop or stop to.a product page... That might not really need but it will be a cool thing to buy because you can now... Now you would be thinking i am earning for whom else ... I should buy this because I can ...
Now If you are the person who will pass on thoughts and would not buy in that case...buy any credit card you are getting every credit card is becoming the same thing ..
But if you are latter ... Do not get one ...
Just my take ... 😜
Haa bhai weekdays mai kaam kare paise kamaye aur usko kabhi use bhi na kare ye sochke ki future mai use aayega. Live and let die
Firestop
Stealth
a year ago
Lol .. bhai just my take ... Ofcourse it's your money do what makes you happy.. Credit Cards are more like responsibility than cash available to spend that's all what I wanted to say 😊
I don't have a credit card had one.. even when I was responsible with it but still bought few things which I should have not ...
So for me probably would not get a CC
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Absolutely not. Why even pay the interest? Just pay it full when the statement is generated
whytho7
Stealth
a year ago
It’s infinia, that’s all you need!
yesmonk
Stealth
a year ago
Could you say it's advantages? The reward system looks very poor
whytho7
Stealth
a year ago
The reward system is the best-
15% on Amazon, Apple etc.
1 RP = 1 Rs on Apple, Tanishq, flights, hotels
Welcome and renewal benefits would make your card basically free.
In what world is reward system poor? Tell me one card that’s better than this, given spends are < 1 lakh per month
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Get infinia metal, RM will approve if you speak personally about it
Akaza
Stealth
a year ago
But do you think that is better than magnus?
Depends on your spending patterns. I usually use credit card wherever possible. So my spends easily cross a lakh for most months of a year. And some months where I have vacations / large purchases it has crossed 2 lakhs too (which would contribute to get the fee waiver on magnus at the 15 lakh mark)
Gokart
Stealth
a year ago
Even if you don’t get the waiver,you get cliq vouchers right ?
HDFC Infinia….If you’re spending more than 1 lakh per month, then hands down Axis Magnus. There is no other card which even comes close to it(only if expenditure is more than a lakh per month).
yesmonk
Stealth
a year ago
Whats the advantage of infinia?
1 reward point = 1 rupee.
Earning 5 reward points on every 150 spent.
Unlimited lounge access.
Apart from it, 10x reward points on certain merchants/vendors.
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Chelokebab
Stealth
a year ago
Hdfc Infinia
Supandi
Stealth
a year ago
If you travel frequently go for Axis Vistara. I have received 4 business class tickets till date plus good deals. You can also for axis flipkart if you shop online.
AmusingDamn
Stealth
a year ago
There is no one size fits all with credits cards. I would suggest engaging with a professional here.
yesmonk
Stealth
a year ago
Professional as in who?
AmusingDamn
Stealth
a year ago
A financial advisor could also help you here or there are credit card experts like thepointscode.com .
Axis Magnus hands down. If you're monthly spends are not going to above a lakh for at least 5 to 7 months a year, infinia maybe a better option as the best part of magnus is the 1lakh monthly milestone rewards.
What are some general use cases for credit card? I don't shop very frequently online, so where else can it be used?
Axis Magnus if you can hit 1 lakh per month and travel.
Crazy 5:4 conversion rates from edge points to marriot/flight points.
HDFC Infinia
Flat 3.33% as rewards. Additional 10%/15% if you book flights and hotels through partner sites
